Tag "Oil Prices"
Making History: Coronavirus and Negative Oil Prices
Since the beginning of the Coronavirus pandemic, there has been a loss of 1/3rd global demand – more than 30 million barrels per day (BPD). The virus instilled a level of uncertainty for oil traders, but the catalyst for the initial drop in price can be attributed to the escalating price war between Russia and Saudi for market share, eventually leading Saudi to flood the market with oil.
The Week Ahead
Uncertainty hits the oil markets. Tensions heat up between Scotland and Westminster. Corruption scandal in Brazil hits dozens across the political spectrum. All in The Week Ahead. Time to look at oil markets
The Week Ahead
Yellen speaks. BoJ discusses rates. EU-Ukraine Association meets. Russia releases economic figures. Electoral College votes.
Under the Radar: Gabon’s risky internet curfew, the world’s first since 2011
Gabon’s daily internet curfew is the world’s first since 2011 as post-election violence and uncertainty continue to impact investment, particularly bonds.
Nigeria’s economy is crumbling under the burden of corruption and low oil prices
Low oil prices and rampant corruption severely affect Nigeria’s economy and threaten to disturb a fragile balance between the country’s ethnic and religious communities.
After Al-Naimi: Mirage and reality
Ali Al-Naimi’s dismissal marks a pivotal moment in the history of Saudi Arabia and global oil markets.
The end of OPEC as we know it?
U.S shale, the global oil glut, and Riyadh’s move to diversify away from oil, all sound the death knell for OPEC as we know it.
Weekly Risk Outlook
The Philippines goes to the polls. Russia and the West continue negotiations over Ukraine. Brazil closes in on impeachment proceedings. Key conferences take place in the Middle East and Latin America. All in the Weekly Risk Outlook.
Low oil prices signal need for reform in Algeria
With energy forecasts projecting low oil prices as a likely fixture the medium-term, Algeria must either embrace reform, or risk national and social crisis.